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23-Bedroom ResidentialIncome — 12111 S Figueroa Street, Los Angeles, CA

$1,950,000

12111 S Figueroa Street, Los Angeles, CA

$1,950,000 — 12111 S Figueroa Street, Los Angeles, CA — photo 1 $1,950,000 — 12111 S Figueroa Street, Los Angeles, CA — photo 2 $1,950,000 — 12111 S Figueroa Street, Los Angeles, CA — photo 3 $1,950,000 — 12111 S Figueroa Street, Los Angeles, CA — photo 4 $1,950,000 — 12111 S Figueroa Street, Los Angeles, CA — photo 5
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About this property

James Allan Group is proud to present a 12 Unit Building in close proximity to the 110 Fwy and 105 Fwy Consisting of 11: 2BD l 1BA units and 1: 1BD l 1 BA unit, excellently maintained with great upside potential. Newer Roof, updated plumbing and sewer line, new landscaping and stucco. Several units completely remodeled. Extra storage/previous rental unit with potential to convert to ADU. Secured ample parking. Currently operated at 5.1 cap with upside pro forma of 12 cap rate at market rents. Over $250,000 in improvements to the property. Proforma potential $306,000 Gross Income with 12.16 CAP and GRM of 6.6. 9766 sq ft Building space and 11,326 Sq ft lot size .Subject to LA rent control.

Property details

Bedrooms
23
Bathrooms
12
Square feet
9,766
Year built
1960
Property type
ResidentialIncome

Location

12111 S Figueroa Street • Los Angeles, CA 90061

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Listed by

James Allan · Compass

Listing courtesy of Compass. Information deemed reliable but not guaranteed.

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